CFJML: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CFJML
Largest movements
- Tangible fixed assets +€101,588
up €101,588 (+271%), from €37,427 to €139,015
of which Land and buildings: +€80,677
- Cash +€23,900
up €23,900 (+128%), from €18,668 to €42,568
mainly Trade debts (+€111,055) and Debts after one year (+€37,588)
- Receivables within one year +€15,077
up €15,077 (+67.7%), from €22,264 to €37,341
of which Trade receivables: +€18,491
- Financial fixed assets +€7,800
up €7,800 (+488%), from €1,600 to €9,400
- Stocks and contracts +€7,472
up €7,472 (+3.8%), from €196,445 to €203,917
- Trade debts +€111,055
up €111,055 (+138%), from €80,470 to €191,525
- Profit (loss) carried forward -€84,846
down €84,846 (-91.5%), from €92,730 to €7,884
- Reserves +€80,000
new in 2025: €80,000
- Debts after one year +€37,588
up €37,588 (+85.9%), from €43,763 to €81,351
- Current portion of long-term debt +€9,335
up €9,335 (+31.7%), from €29,402 to €38,737
- Gross operating margin +€36,737
up €36,737 (+38.2%), from €96,141 to €132,878
- Staff costs +€26,989
up €26,989 (+33.7%), from €80,143 to €107,132
- Depreciation +€9,243
up €9,243 (+113%), from €8,162 to €17,405
- Taxes +€8,585
up €8,585, from -€1,213 to €7,372
- Financial charges -€5,560
down €5,560 (-66.2%), from €8,400 to €2,840
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,193 | €471,691 | +€149,498 | +46.4% |
| Fixed assets | 21/28 | €79,134 | €183,206 | +€104,072 | +132% |
| Intangible fixed assets | 21 | €40,107 | €34,791 | -€5,316 | -13.3% |
| Tangible fixed assets | 22/27 | €37,427 | €139,015 | +€101,588 | +271% |
| Land and buildings | 22 | €7,244 | €87,921 | +€80,677 | +1,114% |
| Plant, machinery and equipment | 23 | €17,989 | €51,094 | +€33,105 | +184% |
| Furniture and vehicles | 24 | €12,194 | €0 | -€12,194 | -100% |
| Financial fixed assets | 28 | €1,600 | €9,400 | +€7,800 | +488% |
| Current assets | 29/58 | €243,059 | €288,485 | +€45,426 | +18.7% |
| Stocks and contracts in progress | 3 | €196,445 | €203,917 | +€7,472 | +3.8% |
| Stocks | 30/36 | €196,445 | €203,917 | +€7,472 | +3.8% |
| Amounts receivable within one year | 40/41 | €22,264 | €37,341 | +€15,077 | +67.7% |
| Trade receivables | 40 | €18,850 | €37,341 | +€18,491 | +98.1% |
| Other amounts receivable | 41 | €3,414 | - | -€3,414 | |
| Cash at bank and in hand | 54/58 | €18,668 | €42,568 | +€23,900 | +128% |
| Deferred charges and accrued income | 490/1 | €5,682 | €4,659 | -€1,023 | -18.0% |
| Total equity and liabilities | 10/49 | €322,193 | €471,691 | +€149,498 | +46.4% |
| Equity | 10/15 | €112,730 | €107,884 | -€4,846 | -4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €80,000 | +€80,000 | |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | €92,730 | €7,884 | -€84,846 | -91.5% |
| Amounts payable | 17/49 | €209,463 | €363,807 | +€154,344 | +73.7% |
| Amounts payable after more than one year | 17 | €43,763 | €81,351 | +€37,588 | +85.9% |
| Financial debts | 170/4 | €43,763 | €81,351 | +€37,588 | +85.9% |
| Amounts payable within one year | 42/48 | €165,700 | €282,456 | +€116,756 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €29,402 | €38,737 | +€9,335 | +31.7% |
| Trade debts | 44 | €80,470 | €191,525 | +€111,055 | +138% |
| Suppliers | 440/4 | €80,470 | €191,525 | +€111,055 | +138% |
| Taxes, remuneration and social security | 45 | €55,828 | €46,919 | -€8,909 | -16.0% |
| Taxes | 450/3 | €42,446 | €27,129 | -€15,317 | -36.1% |
| Remuneration and social security | 454/9 | €13,382 | €19,790 | +€6,408 | +47.9% |
| Other amounts payable | 47/48 | - | €5,275 | +€5,275 | |
| Remuneration, social security and pensions | 62 | €80,143 | €107,132 | +€26,989 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,162 | €17,405 | +€9,243 | +113% |
| Other operating charges | 640/8 | €601 | €400 | -€201 | -33.4% |
| Non-recurring operating charges | 66A | - | €2,575 | +€2,575 | |
| Gross operating margin | 9900 | €96,141 | €132,878 | +€36,737 | +38.2% |
| Operating profit (loss) | 9901 | €7,235 | €5,366 | -€1,869 | -25.8% |
| Financial income | 75/76B | €73 | €0 | -€73 | -100% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100% |
| Financial charges | 65/66B | €8,400 | €2,840 | -€5,560 | -66.2% |
| Recurring financial charges | 65 | €8,400 | €2,840 | -€5,560 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,092 | €2,526 | +€3,618 | |
| Income taxes | 67/77 | -€1,213 | €7,372 | +€8,585 | |
| Profit (loss) for the period | 9904 | €121 | -€4,846 | -€4,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €121 | -€4,846 | -€4,967 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.